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the government it is you know we should be selling those the republicans should be selling this as a deficit reduction program so that's it for your take my take live thank you for all of your calls if we didn't get your call tonight tries back again next week. after the break politicians in washington love to argue and mowen about america's sixteen trillion dollars in government debt but there's a far more insidious type of debt one that has the ability to destroy our economy you know really nasty tell you what it is and how we can do away with it and i. choose your language. we can we know if you're going to. choose the consensus you. choose to get. to. choose the stories that you. choose. to. basis based on. you know i care read. this. to some degree which is because. it. seems for. them to stop the bloodshed this sort of thing. is there were two months into the scheme. it's thursday let's get geeky i'm going all out for our mates today is valentine's day so what better way to celebrate this day of love than by talking about how far some animals go to him crouse and take care of their lov
the government it is you know we should be selling those the republicans should be selling this as a deficit reduction program so that's it for your take my take live thank you for all of your calls if we didn't get your call tonight tries back again next week. after the break politicians in washington love to argue and mowen about america's sixteen trillion dollars in government debt but there's a far more insidious type of debt one that has the ability to destroy our economy you know really...
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Sep 25, 2013
09/13
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it would add to the deficit. there have been a couple of republicans in the house who have been smart enough to say, we are going to repeal all of the benefits so 25-30,000,000 people do not get health insurance, but we are going to keep the taxes that obama raised. we just will not talk about that. that way we can say we reduced the deficit. but, obviously, you are doing some funny business there with the budget. look, nothing is free. the bottom line is, do we want to continue to lead -- live in a society where we have the most inefficient health care system on earth, leaving millions of people exposed to the possibility that they could lose everything because they get sick, where we have little children and families going to the emergency room once a week because they have asthma and other preventable diseases because their families are not linked up with the partner position who is providing them regular care, where the cost to society for reduce productivity, illnesses, etc. all burden our businesses -- is t
it would add to the deficit. there have been a couple of republicans in the house who have been smart enough to say, we are going to repeal all of the benefits so 25-30,000,000 people do not get health insurance, but we are going to keep the taxes that obama raised. we just will not talk about that. that way we can say we reduced the deficit. but, obviously, you are doing some funny business there with the budget. look, nothing is free. the bottom line is, do we want to continue to lead -- live...
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Sep 24, 2013
09/13
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it would add to the deficit. now, there have been a couple republicans in the house who have been smart enough to say, we're going to repeal all the benefits so that people -- you know, 20 -- 25, 30 million people don't get health insurance. but we're going to keep the taxes that obama raised. we just won't talk about that. and then that way we can say we reduced the deficit. but, you know, obviously you're doing some funny business there with the budget. but look, nothing is free. the bottom line, though, is, do we want to continue to live in a society where we've got the most inefficient health care system on earth, leaving millions of people exposed to the possibilities that they could lose everything because they get sick, or we've got little -- children and families going to the emergency room once a week because they've got asthma and other preventible diseases because their families aren't linked up with a primary care physician who is providing them regular care. where the costs to society for reduced pro
it would add to the deficit. now, there have been a couple republicans in the house who have been smart enough to say, we're going to repeal all the benefits so that people -- you know, 20 -- 25, 30 million people don't get health insurance. but we're going to keep the taxes that obama raised. we just won't talk about that. and then that way we can say we reduced the deficit. but, you know, obviously you're doing some funny business there with the budget. but look, nothing is free. the bottom...
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Jan 5, 2013
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. >> he talked about his approach to reducing the deficit. let's take a look at this. >> i believe we can find more places to cut spending without short changing things like education, job training, research and technology. all of which are critical to prosperity in the 21st century economy. they must be reformed. >> what does the white house try to get what the president wants out of his next budget showdown? >> they have already put part of their strategy into motion which is basically getting republicans to compromise on the tax issue. remembering in the budget battle, they got them to increase taxes on wealthier americans and think that has set a precedent for moving forward for including new revenues and spending cuts and see president obama hitting the road. taking his message in the weekly address out to the people. i'm told we will see him start to do that soon after the inauguration. alex. >> kristen welker, save travels when you head home. thank you so much. >> thank you. >> joining me is amy barnes and felisha sonez. >> good mornin
. >> he talked about his approach to reducing the deficit. let's take a look at this. >> i believe we can find more places to cut spending without short changing things like education, job training, research and technology. all of which are critical to prosperity in the 21st century economy. they must be reformed. >> what does the white house try to get what the president wants out of his next budget showdown? >> they have already put part of their strategy into motion...
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Feb 27, 2013
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62% of americans say the deficit is getting bigger. 28% of americans say the deficit is staying about the same. yeah, those 62 plus 28, that's 90% of the country that gives a wrong answer to that question. so how many americans know the right answer? a proportion of the american public who knows the correct answer, which is that the deficit is getting smaller is 6%. total. if we are supposedly so worried about this problem that we are willing to inflict pretty big economic pain on the country starting on friday in order to strike a symbolic pose of seriousness in addressing this awful problem, wouldn't you think that more than 6% of people in the country should be able to correctly identify what the problem is? joining us now is congresswoman marcy kaptur, democrat of ohio and jared bernstein, a former economic policy adviser to vice president joe biden. he is also a cnbc and msnbc contributor. thank you both so much for being here. i'm sorry i made you sit through the alaska gun rights thing. >> it's fascinating. >> there is a lot going on that we aren't working on because we're work
62% of americans say the deficit is getting bigger. 28% of americans say the deficit is staying about the same. yeah, those 62 plus 28, that's 90% of the country that gives a wrong answer to that question. so how many americans know the right answer? a proportion of the american public who knows the correct answer, which is that the deficit is getting smaller is 6%. total. if we are supposedly so worried about this problem that we are willing to inflict pretty big economic pain on the country...
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Feb 5, 2013
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>> i think our deficit will good up. that's going to cut a big hole in our economy so tax revenues will dry up. i think our economy is very delicate right now. businesses are tired of the uncertainty. if the president keeps talking tax increases, i'm worried about what that that will de. >> the president elect of the heritage foundation. >> with the nation's debt mounting, new fears america's credit rate could go be slashed again. and now this. attorney general eric holder announcing a lawsuit against standard & poors. the suit, which seeks $5 billion in damages, claims s&p's high rating on risky mortgage investments brought the financial system to the brink of collapse. why just s&p? why not other rating agencies? no. it is just s&p. the same firm that had the temerity to downgrade our debt. critics crying foul, claiming the move is nothing more than political retallation. is it? we're on it with fox news legal analyst mercedes and fox business net wish are melissa mercedes, you first. do you think this is political pay
>> i think our deficit will good up. that's going to cut a big hole in our economy so tax revenues will dry up. i think our economy is very delicate right now. businesses are tired of the uncertainty. if the president keeps talking tax increases, i'm worried about what that that will de. >> the president elect of the heritage foundation. >> with the nation's debt mounting, new fears america's credit rate could go be slashed again. and now this. attorney general eric holder...
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Nov 8, 2013
11/13
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we cut the deficits in half. that's right. by the way, you wouldn't know this sometimes listening to folks on tv but the deficits are going down, not going up. they have been cut in half. and they keep going down. over the past three years, health care costs have risen at the slowest pace on record. exports are up. the housing market is up. the american auto industry is roaring back. so we've got a lot of good things to build on. but we've got a lot more work to do. what we should be doing is stop doing things that undermine businesses and economy over the past few years. this constant cycle of manufactured crisis and self-inflicted wounds coming out of washington. for example, we learned yesterday that over the summer our economy grew at its fastest pace in a year. that's the good news. the bad news is the very day the economic quarter ended, some folks in washington decided to shut down the government and threaten to default on america's obligations for the first time in more than 200 years. it's like the gears of our econom
we cut the deficits in half. that's right. by the way, you wouldn't know this sometimes listening to folks on tv but the deficits are going down, not going up. they have been cut in half. and they keep going down. over the past three years, health care costs have risen at the slowest pace on record. exports are up. the housing market is up. the american auto industry is roaring back. so we've got a lot of good things to build on. but we've got a lot more work to do. what we should be doing is...
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you're saying giving new york city employees more pages time off lawyers in america right will cure the deficit and will make health care costs fall because that was what spending i spend the day at home watching t.v. at work once again defecting their coworkers and their customers it's really shortsighted because you you're not differentiating compensation with wages you say you're going to keep the wages stagnant but you have to realize that that paid sick day it comes from somewhere so on the net of the economy it's going to reduce overall wages and that's going to reduce your absence of rigidity and it comes from that one percent who've seen two hundred and seventy five percent and isn't it true that you know this bill we're talking about here talks about fifteen to twenty five employee businesses that's not the one percent that's millions of americans that are trying to opt out of the reality on the rest at all it's a bit of beauty correct let's correct this what the bill says if you have twenty or more employees who are in you have to implement the sick days earlier than if you have fifte
you're saying giving new york city employees more pages time off lawyers in america right will cure the deficit and will make health care costs fall because that was what spending i spend the day at home watching t.v. at work once again defecting their coworkers and their customers it's really shortsighted because you you're not differentiating compensation with wages you say you're going to keep the wages stagnant but you have to realize that that paid sick day it comes from somewhere so on...
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Oct 19, 2013
10/13
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of years of the clinton administration, i mean, aside from a few policy exceptions which reduces the deficit which plays a significant role in the booming economy of the 199 0s, it was a fiasco. you know, because of the new politics clinton who governed, and it was the new politics liberals who were, you know, throughout the bureaucracy of the white house and the west wing. and so it, you know, clinton loses the congress for the first time since the 1950s, republicans take control. now, there were some longer forces at work, you know, especially in the south to cause that. but clinton's first two years, you know, were just a disaster. and what he learned, right, and this is to clinton's credit, he goes, you know, he did this in arkansas too. his first, you know, it was a two-year term as governor of arkansas until they changed the constitution. his first term as governor he did not govern as a moderate democrat. he governed as a new politics liberal, and they voted him out. [laughter] and so what he learned after 1994 is to go back to his dlc roots to, you know, to intentionally, you know, g
of years of the clinton administration, i mean, aside from a few policy exceptions which reduces the deficit which plays a significant role in the booming economy of the 199 0s, it was a fiasco. you know, because of the new politics clinton who governed, and it was the new politics liberals who were, you know, throughout the bureaucracy of the white house and the west wing. and so it, you know, clinton loses the congress for the first time since the 1950s, republicans take control. now, there...
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Jan 1, 2013
01/13
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having said that, we still of the deficit issue. we still have a deficit problem. what we tried to establish this morning in this vote, revenue has to be part of the solution. the other side of the aisle reluctantly, after years of resisting, came to our side on this problem. number two, we need to look in entitlements. here is what the facts are. social security can make every promise of payment for 20 years. you cannot say that about any other federal program. on the 21st year, there will be a drop-off of 30% in terms of social security benefits. so, we of 20 years. we can wait to do something, or we can do something soon, maybe even this year, 2013. that is what i would like to see. i am preparing legislation which will call for the creation of a commission with a simple assignment, come up with a plan for a 75 year solvency of social security. when you haven't and it has been certified to be a valid plan, -- have its and it has been certified to be a valid plan, bring it to congress where it can be passed without a filibuster. to haveve this chance this debate
having said that, we still of the deficit issue. we still have a deficit problem. what we tried to establish this morning in this vote, revenue has to be part of the solution. the other side of the aisle reluctantly, after years of resisting, came to our side on this problem. number two, we need to look in entitlements. here is what the facts are. social security can make every promise of payment for 20 years. you cannot say that about any other federal program. on the 21st year, there will be...
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Jan 7, 2013
01/13
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deficit spending. trade deficits are far worse. these are jobs that have gone. and a $10 trillion trade deficit and nobody cares. >> host: mike in bend, oregon go ahead with your question for james steel;... >> caller: sold them by someone like goldman sachs. and as you mentioned, the tax code is hopelessly unfixable because of congress and their need for the campaign funds that those sellouts generate. and i wonder if matt taibi might be the guy to carry the torch for some of the investigative journalism that you do. thanks for your comments. >> host: mr. barlett, do you want to start? >> guest: sure, on the border. >> host: no, i apologize. anything you want to respond to that matt had to say? trickle, trickle down, the tax cuts, your next book, matt taibi. >> matt would be the perfect person to pick this up, couldn't agree more. >> guest: yeah. >> guest: we love him. and trickle down most assuredly has been discredited, i would think. alto it keeps coming -- although it keeps coming up. that's what'
deficit spending. trade deficits are far worse. these are jobs that have gone. and a $10 trillion trade deficit and nobody cares. >> host: mike in bend, oregon go ahead with your question for james steel;... >> caller: sold them by someone like goldman sachs. and as you mentioned, the tax code is hopelessly unfixable because of congress and their need for the campaign funds that those sellouts generate. and i wonder if matt taibi might be the guy to carry the torch for some of the...
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Sep 7, 2013
09/13
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deficit spending. trade deficits are far worse. these are jobs that have gone. and a $10 trillion trade deficit and nobody cares. >> host: mike in bend, oregon go ahead with your question for james steel;... >> caller: sold them by someone like goldman sachs. and as you mentioned, the tax code is hopelessly unfixable because of congress and their need for the campaign funds that those sellouts generate. and i wonder if matt taibi might be the guy to carry the torch for some of the investigative journalism that you do. thanks for your comments. >> host: mr. barlett, do you want to start? >> guest: sure, on the border. >> host: no, i apologize. anything you want to respond to that matt had to say? trickle, trickle down, the tax cuts, your next book, matt taibi. >> matt would be the perfect person to pick this up, couldn't agree more. >> guest: yeah. >> guest: we love him. and trickle down most assuredly has been discredited, i would think. alto it keeps coming -- although it keeps coming up. that's what'
deficit spending. trade deficits are far worse. these are jobs that have gone. and a $10 trillion trade deficit and nobody cares. >> host: mike in bend, oregon go ahead with your question for james steel;... >> caller: sold them by someone like goldman sachs. and as you mentioned, the tax code is hopelessly unfixable because of congress and their need for the campaign funds that those sellouts generate. and i wonder if matt taibi might be the guy to carry the torch for some of the...
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sovereign deficits are growing out of control and balance of payment deficits we should again not been addressed even germany if you look at germany's sovereign debt to g.d.p. it's at a level that used to make us south american countries bankrupt only four or five years ago so even germany which is held up as a power again it is almost a brink which is not necessarily going to get much better but you know germany holland the northern countries are in a better shape than the sock than the south and until they really get their arms around how they're going to get these sovereign deficits hundred control this problem is going to roll on roll on roll one day or beside prison another day it will be another day it will be france and to the actually get their finances in in order it can only slowly but surely get worse final twenty seconds for those poor cypriots lovely island the finance minister says it's not clear when the capital controls are going to be lifted a lot do you predict. well these things take a long time normally they say it's going to be next week next month but if you look
sovereign deficits are growing out of control and balance of payment deficits we should again not been addressed even germany if you look at germany's sovereign debt to g.d.p. it's at a level that used to make us south american countries bankrupt only four or five years ago so even germany which is held up as a power again it is almost a brink which is not necessarily going to get much better but you know germany holland the northern countries are in a better shape than the sock than the south...
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Apr 11, 2013
04/13
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but despite the increase, the issue still ranks behind the economy, the federal budget deficit, and health care. the poll also indicates one thing standing in the way of passing stricter national gun laws, is a the growing perception among gun owners, that is the government is trying to take away their right to own a weapon. >> this year's crop of college graduates will have a tough time finding a job. that is according to a new report by the economic policy institute. almost 9 percent of recent college grads are unemployed, according to labor department data. more than 80% are under employed. and, as of last year, 52 percent of college grads under 25 are not working in jobs that require a college degree. the report says the the best way to improve the situation for college grads is to improve the overall labor market. >> we will have our full forecast coming up. we will be right back. that''s too much bacon. said nido one ever. baconacolia is back! now nowith even more bacon. come cmeelebrate our bacon obsession with all a new menu items like the bacon avocado omelette. only alyt denny's.
but despite the increase, the issue still ranks behind the economy, the federal budget deficit, and health care. the poll also indicates one thing standing in the way of passing stricter national gun laws, is a the growing perception among gun owners, that is the government is trying to take away their right to own a weapon. >> this year's crop of college graduates will have a tough time finding a job. that is according to a new report by the economic policy institute. almost 9 percent of...
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state deficits trade deficits the europe and america are bleeding to death and they're not doing anything about it they're not cutting back that they're not cutting back their deficits they're not cutting back their trade deficits so they must go bust so unless they turn that around there's no sign they're going to then the dominoes must fall. well he league said if the julian assange may be holed up at an embassy in london but that's not stopping him running for election in his own country australia now assad has appointed a high profile political campaigning to spearhead his bid for a seat in the australian senate assad has spent the last nine months confined to the ecuadorian embassy in britain way he's avoiding extradition to sweden for questioning of the sex crime and occasions if his absentee election bid is successful he'd be sworn in as senator in july twenty fourth team but that after returning to canberra to do that campaign is being led by greg barnes a from a barrister and head of the astray and republican movement he told us a sanchez wiki leaks party aims to bring transparen
state deficits trade deficits the europe and america are bleeding to death and they're not doing anything about it they're not cutting back that they're not cutting back their deficits they're not cutting back their trade deficits so they must go bust so unless they turn that around there's no sign they're going to then the dominoes must fall. well he league said if the julian assange may be holed up at an embassy in london but that's not stopping him running for election in his own country...
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Dec 12, 2013
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we are reducing the deficit. >> will it pass? >> it will. >> thanks for being with us. >> thanks, sean. >> up next tonight on "hannity." >> knowing what you know te'o would have started the launch october 1. >> i would have done a smaller lauchbl wi launch with fewer people. >> kathleen sebelius can't give a straight answer during today's brutal obama care hearing. utah senator mike lee is here. we have been getting your feedback. video of the day. option one was the sign language imposter at nelson mandela's memorial service yesterday. our friends at imus in the morning had fun with it. >> look. it's nonsense. >> every word is the same sign? >> that's a repetitive speech. they were hammering home the point. >> it was nonsense. >> look. >> that's the sign for stealing third. >>> welcome back. kathleen sebelius was back on capitol hill trying to defend obama care. she struggled to answer simple questions. for example like this one. >> knowing what you know te'o would have started the launch october 1? >> i would have probably done
we are reducing the deficit. >> will it pass? >> it will. >> thanks for being with us. >> thanks, sean. >> up next tonight on "hannity." >> knowing what you know te'o would have started the launch october 1. >> i would have done a smaller lauchbl wi launch with fewer people. >> kathleen sebelius can't give a straight answer during today's brutal obama care hearing. utah senator mike lee is here. we have been getting your feedback. video...
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Mar 11, 2013
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but the nonpartisan deficit hawks says the president's action left medicare in worst shape. >> it didn't bring down the cost of medicare, which means there is still a lot more savings that has to be done and we used the savings to offset the cost of new federal healthcare spending. >> democrats, however, note that ripe would keep the cuts to medicare. >> paul ryan announced the other day he is going to include the savings in his budget. savings that he campaigned actively against. >> again, though, ryan would leave all that money in medicare. on the heels of ryan, the senate is about to propose its own budget for the first time in four years. president obama has delayed his budget until april. overall, ryan's budget would not cut federal spending but would reduce the rate of increase. mr. obama's plan calls for $36 trillion more in spending in the next decade. ryan would reduce that to $41 trillion instead. one of his cuts would be $134 billion to the food stamp program. new government figures show it's grown to all-time high with 47 million recipients in tess. ryan argued his cuts would
but the nonpartisan deficit hawks says the president's action left medicare in worst shape. >> it didn't bring down the cost of medicare, which means there is still a lot more savings that has to be done and we used the savings to offset the cost of new federal healthcare spending. >> democrats, however, note that ripe would keep the cuts to medicare. >> paul ryan announced the other day he is going to include the savings in his budget. savings that he campaigned actively...
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Feb 13, 2013
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>> deficit impact was a slight deficit reduction. the costs of the coverage expansion may be what you are referring to over the 10-year window at the time. i don't know that number off hand. the number of that and the cost of coverage expansion over 10 years we think would be smaller by a little bit than we thought at the time, but the budget window, the 10 years we provide projections for has moved out to 2023 and increases the current 10-year costs. >> and and again, switching subjects for a minute, does the c.b.o. look at unfunded obligations like what the acktue article obligations are of social security, medicare, medicaid? does c.b.o. look at those? >> yes, long-term budget outlook, we include the costs of those programs and comments on the social security trust fund. >> you discount those back and say this is what the net unfunded obligation is for social security today? >> yes, we do, congressman. >> do you have the numbers off the top of your head? >> i'm sorry, i don't. but it is substantial. >> trillions of dollars between
>> deficit impact was a slight deficit reduction. the costs of the coverage expansion may be what you are referring to over the 10-year window at the time. i don't know that number off hand. the number of that and the cost of coverage expansion over 10 years we think would be smaller by a little bit than we thought at the time, but the budget window, the 10 years we provide projections for has moved out to 2023 and increases the current 10-year costs. >> and and again, switching...
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Jan 3, 2013
01/13
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we had a deficit in wisconsin. 49 states all high deficits. we have about $2 billion in recovery dollars. there were devastating cuts. i think we to continue that balanced approach. you cannot simply make cuts. it has to be a little of everything. i hope that is something we can talk about and i will advocate for. host: who are some other republican names you would like to reach out to and ask some questions? guest: a member from wisconsin. i had a brief meeting with him. he was extremely gracious. how we can figure out what is best. another person has been going out of his way to get together. they gave me an extra tickets so in.family can see me sworn an those are a few folks. i will continue to reach out with other folks. i have a lot to learn. we have met some of the freshman. host: has anything surprised you so far? guest: the first trainings we had. they kept separating democrats and republicans. that is a continuation of the problem. if we keep doing those things, we will not work together. host: why was that done? guest: they kept sepa
we had a deficit in wisconsin. 49 states all high deficits. we have about $2 billion in recovery dollars. there were devastating cuts. i think we to continue that balanced approach. you cannot simply make cuts. it has to be a little of everything. i hope that is something we can talk about and i will advocate for. host: who are some other republican names you would like to reach out to and ask some questions? guest: a member from wisconsin. i had a brief meeting with him. he was extremely...
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Jan 21, 2013
01/13
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had on fox news this week over 80 percent of americans said that you cannot sustain trillion dollar deficits indefinitely. i don't think obama cares at all about that. that is not on his agenda. i think he really is a president who believes his mission is to reduce the inequality. he saw reagan increasing in inequality. he is a leveller. obama care was step one. i crease in spending of the government which was a massive increase in spending. increasing taxation especially on the rich is a third item. i think he wanls to contin-- wa continue that. he wants to get to levels of entitlement that will make much more equality between the classes that's where he wants to go. to do it he will have to raise taxes. that will be one of the number one issues on his agenda to raise taxes way beyond where we have been ever since the reagan era. >> juan, how can that be? he has to see the spending problem that we are in. what do you think the thought process is about that since has done some cuts but not enough to make a difference. what do you think his thoughts are on it? >> when you think of some of the
had on fox news this week over 80 percent of americans said that you cannot sustain trillion dollar deficits indefinitely. i don't think obama cares at all about that. that is not on his agenda. i think he really is a president who believes his mission is to reduce the inequality. he saw reagan increasing in inequality. he is a leveller. obama care was step one. i crease in spending of the government which was a massive increase in spending. increasing taxation especially on the rich is a third...
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Dec 12, 2013
12/13
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that gives us $23 billion in net deficit redurkction. when i went into this bottom line keep our principles intact, no tax increases and cut spending in smarter ways to reduce the deficit. we think we kept those principles intact, what this agreement does. the democrats didn't -- went in no sequester at all and then 72% and then 92%. we see that as a good step in the right direction. not the budget deal would spend $63 billion the next two years and saves the back end and many future congresses won't be be holding of this and a criticism of washington in general. get the tax increases now and all the good stuff comes late >> there's no tax increases. i understand the point. this is the nature of autopilot spending changing the law immediately that accrues saves over time and that does take time to accumulate that saves. it's not back loaded just compounds. take for example federal employees, we're suggesting that the hard working taxpayers who pay the taxes to pay for government workers' benefits don't pay as much for their benefits and
that gives us $23 billion in net deficit redurkction. when i went into this bottom line keep our principles intact, no tax increases and cut spending in smarter ways to reduce the deficit. we think we kept those principles intact, what this agreement does. the democrats didn't -- went in no sequester at all and then 72% and then 92%. we see that as a good step in the right direction. not the budget deal would spend $63 billion the next two years and saves the back end and many future congresses...
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Apr 13, 2013
04/13
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>> for years, the debate in this town has raged between reducing our deficits at all costs and making investments that start to grow our economy. this budget answers that argument because we can do both. >> welcome to "the journal editorial report," i'm stuart varney if this week for paul gigot. at long last, president obama released his budget for 2014 this week, calling it a fiscally responsible blueprint for middle class jobs and growth. and pitching it as a peace offering to republicans. but after looking at the details, shouldn't we be hoping for gridlock? dan henninger, james freeman and kim strassel. dan, hoping for gridlock? you don't like this? >> it sounds good for me based on what i heard president obama say, so, on the one hand he says, in the past we've been trying to reduce deficits at all costs. that means cutting spending, as opposed to making some of the investments we need which means increasing spending and he says he felt solved it, he has, increased spending, and here is an interesting fact. before 2008 spending, federal spending was 2.7 trillion dollars. in this
>> for years, the debate in this town has raged between reducing our deficits at all costs and making investments that start to grow our economy. this budget answers that argument because we can do both. >> welcome to "the journal editorial report," i'm stuart varney if this week for paul gigot. at long last, president obama released his budget for 2014 this week, calling it a fiscally responsible blueprint for middle class jobs and growth. and pitching it as a peace...
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Mar 5, 2013
03/13
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not a hysterical deficit hawk but a deficit hawk. >> rose: you will become a deficit hawk when we have a strong economy. define for you a strong economy. is that g.d.p. growth of 4%? >> it's not growth. unemployment rate low enough that the fed is interesting rates to head off inflation. as soon as we're out of the liquidity trap where the fed has got its pedal to the metal. >> rose: so when the fed raises the interest rates to avoid inflation that's when the economy is good shape? >> no, that's when you can make a deal. the fed will hold off on the interest rate hikes. that way it doesn't depress the economy. >> you would start dealing with the debt immediately. you would go in and fix entitlement reform. yes? what would you do immediately to the debt? >> you want to get the parties talking. you want to get the white house, you want to get congress talking and talk about what's going to have to be done to address medicare, to address medicaid, to address social security which is less of a problem. and my belief is -- my concern about the crisis-- like bob rubin said, you never know wh
not a hysterical deficit hawk but a deficit hawk. >> rose: you will become a deficit hawk when we have a strong economy. define for you a strong economy. is that g.d.p. growth of 4%? >> it's not growth. unemployment rate low enough that the fed is interesting rates to head off inflation. as soon as we're out of the liquidity trap where the fed has got its pedal to the metal. >> rose: so when the fed raises the interest rates to avoid inflation that's when the economy is good...
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Apr 10, 2013
04/13
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the deficit was still 200 billion. neil: but the boom more than offset the concerns about the deficit? >> no, it didn't. neil: that was the argument. >> that was the argument at the time but it led to very terrible legacy that deficits don't matter. cheney actually said it explicitly. the republican rank-and-file adopted it. i don't know if they really believed it but it was convenient. neil: what is worse, to build deficits based on tax cuts if that is your argument, or excessive spending? >> there is no way that --. neil: there is no red, right? >> there is no way a deficit doesn't become a tax increase sometime down the road. we are burying the next generation in debt. they will have --. neil: we're burying it with only a select few we're taxing more and half the people pay no federal incomes at all. isn't that disproportionate? >> the whole system is out of kilter. as we get down the road and finally the day of reckoning comes and we have to begin to manage this debt which is totally out of control, we're going to
the deficit was still 200 billion. neil: but the boom more than offset the concerns about the deficit? >> no, it didn't. neil: that was the argument. >> that was the argument at the time but it led to very terrible legacy that deficits don't matter. cheney actually said it explicitly. the republican rank-and-file adopted it. i don't know if they really believed it but it was convenient. neil: what is worse, to build deficits based on tax cuts if that is your argument, or excessive...
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Apr 11, 2013
04/13
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they argue annual deficit will go down. >> reduce our deficit in a responsible, balanced way. he 3w4r50e6s that's t -- believa smart thing to do. jobs and growth is the betts way of reducing our deficit and making more money in the future. it requires one thinking pig change rnth taxes. so we have a trillion dollar deficit. we have a debt crisis on the horizon and it's spending driven. what does the president propose? $1 trillion spending increase only to be eclipsed a $1.1 trillion tax increase. >> one thing republicans do like here that the president is talking about the proposed change at the cost of living adjustment for social security benefits. hal already all right put the -- they say seniors will pay a high price and the other problem the cost of living changes the way the tax brackets are figured. even the middle class to see taxes go up. >> doug luzader life in washington. the pot son healthed cox they did something they haven't done in the paths ten nears yao. lathe night i was told to come here. boston said 8 out of the 120 you knead during the playoffs. he will be
they argue annual deficit will go down. >> reduce our deficit in a responsible, balanced way. he 3w4r50e6s that's t -- believa smart thing to do. jobs and growth is the betts way of reducing our deficit and making more money in the future. it requires one thinking pig change rnth taxes. so we have a trillion dollar deficit. we have a debt crisis on the horizon and it's spending driven. what does the president propose? $1 trillion spending increase only to be eclipsed a $1.1 trillion tax...
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Feb 21, 2013
02/13
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the nation is spending way more than it is taking in with our deficit standing at more than $16.5 trillion. what most people don't know is what is their share 53,000 dollars for every man, woman and child. >> oo an influx of ideas of law americas on how women should protect themselves from criminals. there were a proposal for women to use whistles a buddy system even pens. last night on "hannity" michelle mal pin had a lot to say about these ideas. >> i have felt like vomiting all week hearing all of this nonsense from these presumptuous gun grabbing men. unfortunately it is coming from my home state in colorado the likes of joe salazar. >> i think maybe people have been inhaling too much that's why we have all of this insanity going on. but between joe salazar who is recommending the rape wileses. this is a father who has two daughters and a wife of his own. you think he would have had a heck of a lot more sense on the house floor in denver. >> are you going to race to your state zone i am going to urinate on you that will stop you. this is dangerous now. this is so dumb coming out of the
the nation is spending way more than it is taking in with our deficit standing at more than $16.5 trillion. what most people don't know is what is their share 53,000 dollars for every man, woman and child. >> oo an influx of ideas of law americas on how women should protect themselves from criminals. there were a proposal for women to use whistles a buddy system even pens. last night on "hannity" michelle mal pin had a lot to say about these ideas. >> i have felt like...
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Apr 10, 2013
04/13
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CNNW
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it is reducing budget deficits. we have staggering national debt, though, and that's what they keep fighting about. >> you think the end of july deadline for increasing the nation's debt ceiling in effect is a deadline for the republicans and democrats to come up with some sort of plan? we don't have that have that crisis at the end of july? >> i think we have a washington that is for some reason into these manufactured and avoidable crises. i never thought last august we would have a crisis of a deadline and we certainly did. i hope we don't, again, in july. but i think you're seeing, i don't know, you tell me, i think you're seeing more opportunity for consensus now than we did a year and a half ago and maybe that's a good sign. >> i think it was a little bit more, but i wouldn't -- >> a little, a tiny, tiny bit. >> i know that the president's going to have another dinner with a dozen republican senators tonight here in washington so that charm offensive continues. let's hope it becomes very charming and everybody
it is reducing budget deficits. we have staggering national debt, though, and that's what they keep fighting about. >> you think the end of july deadline for increasing the nation's debt ceiling in effect is a deadline for the republicans and democrats to come up with some sort of plan? we don't have that have that crisis at the end of july? >> i think we have a washington that is for some reason into these manufactured and avoidable crises. i never thought last august we would have...
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june july and august have all shown slight deficits. normal highs in the low 80s. these are the 24-hour temperature increases. you could see the wind blowing lightly from the west about single digit philosophies. we will have the pollen count for you. that is well. we will give you the full rundown on the update. a good deal of sunshine filtered by some mixed clout. a couple of isolated sprinkles. may be a brief light shower. higher 81. early shower and partly cloudy tonight. down to 61. cooler in and locations. wind will be from the northwest. mostly sunny and comfortable for the weekend. a great day for the parade and everything else going on outside. maybe atlanta%. nighttime thunderstorms up on sunday night. the daytime should be nice. low eighties around hairpin beautiful weather. great for barbotine and getting out there. bbq and getting out there. >> was made and on a u.s. marine and promoted to the rank of lance corporal. on the television series, was the name of his drill instructor? >> the answer >> the bears open the preseason against the carolina panthe
june july and august have all shown slight deficits. normal highs in the low 80s. these are the 24-hour temperature increases. you could see the wind blowing lightly from the west about single digit philosophies. we will have the pollen count for you. that is well. we will give you the full rundown on the update. a good deal of sunshine filtered by some mixed clout. a couple of isolated sprinkles. may be a brief light shower. higher 81. early shower and partly cloudy tonight. down to 61. cooler...
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Feb 6, 2013
02/13
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that deficit would be even bigger at $2 billion if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms it, will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm. mayor rawlings blake is expected to propose financial reforms next week based on the report. linda stow, abc 2 news. >>> president obama will be in annapolis. he's going to talk strategy with u.s. senate democrats at a closed-door retreat. the president is expected to discuss financial matters as well as gun control and immigration. >>> also today governor martin o'malley will testify on the gun control bill. he'll appear before senate judicial proceedings committee in annapolis. the governor wants to ban assault-style guns and require restrictions for handguns. the measure would also set aside in the state budget for safety. >>> police are still trying to figure out what led to a deadly stabbing just as the raven's victory celebration was wrapping up yesterday. the victims sadly are thr
that deficit would be even bigger at $2 billion if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms it, will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm. mayor rawlings blake is expected to propose financial reforms next week based on the report. linda stow, abc 2 news. >>> president obama will be in annapolis. he's going to talk...
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Apr 13, 2013
04/13
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using the deficit, and putting medicare on sounder footing. our budget also reflects our commitment to aggressively reducing waste and fraud in alomar -- in all of our programs. an initiative that last year alone saved taxpayers nearly eight dollars for every dollar that was spent. we are investing in additional efforts to reduce proper matter care -- medicaid and chip payments. what all this adds that too is a budget that will equip hhs to northstar of a thriving middle class. or promote job growth and keep our economy strong in the years to come home a well hoping to bring down the long-term deficit. i know many of you have questions, and i'm happy to take those not. thank you. >> thank you. mr. merchant is recognized for five minutes. >> thank you. welcome madam secretary. i'm concerned about the impact of the residence health care law on the small businesses in my district. therecently announced delay of the choice option for small businesses in the 33 federal exchanges. the small business majority, a growth -- a group that has been a witn
using the deficit, and putting medicare on sounder footing. our budget also reflects our commitment to aggressively reducing waste and fraud in alomar -- in all of our programs. an initiative that last year alone saved taxpayers nearly eight dollars for every dollar that was spent. we are investing in additional efforts to reduce proper matter care -- medicaid and chip payments. what all this adds that too is a budget that will equip hhs to northstar of a thriving middle class. or promote job...
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Oct 5, 2013
10/13
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we're happy to talk about deficit reduction. >> i can negotiate. i can make sure that my party is willing to compromise. >> i'm happy to have a conversation about deficit reduction. >> i am very open to compromise. >> we should negotiate an agreement as quickly as possible. >> i am happy to negotiate with them on a whole host of issues. >> i am ready, i am eager to work with democrats and republicans to reform the tax code. >> i'll end up having to compromise on things. >> i'm willing to compromise in the past and i am willing to compromise going forward. >> i'm ready and eager to work with anyone willing to proceed in the spirit of goodwill. >> that sounds like compromise to me but as long as the gop runs in circles trying to figure out its end game, we're stuck with piecemeal spending bills and no actual way forward. but you know, at this point, i think americans just want congress to cut it out and put the government back to work. here's the question we'll try to answer. who can disrupt the dysfunction and get us back on track? joining me now fr
we're happy to talk about deficit reduction. >> i can negotiate. i can make sure that my party is willing to compromise. >> i'm happy to have a conversation about deficit reduction. >> i am very open to compromise. >> we should negotiate an agreement as quickly as possible. >> i am happy to negotiate with them on a whole host of issues. >> i am ready, i am eager to work with democrats and republicans to reform the tax code. >> i'll end up having to...
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Jan 29, 2013
01/13
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to the nba, memphis rallied from a 17-point deficit and finished with 26 points against philadelphia. the grizzly's defeated the 76ers. >>> president obama welcomes it miami heat to the white house. the team gave the president a jersey with his name on it. lebron james seemed odd being there with the president. >> we at the white house now. this is like, hey, mom i made it. >> the president looked just as happy to be there with lebron. for another look at the weather here is meteorologist bill karins with the weather forecast. >> let me review the concerns for today. area of yellow, a chance of severe weather for the next 24 hours. the area of red greatest risk of torrents. st. louis southward is going to experience a line of thunderstorms. memphis to little rock to pine bluff and sleeveport. after midnight, we should get a line of storm that is continue through the overnight and through wednesday. it will track all the way to the east coast. it's a fast moving line of storms. with it, damaging winds along the path. that's the greatest concern. we'll track it over the next 24 hours. b
to the nba, memphis rallied from a 17-point deficit and finished with 26 points against philadelphia. the grizzly's defeated the 76ers. >>> president obama welcomes it miami heat to the white house. the team gave the president a jersey with his name on it. lebron james seemed odd being there with the president. >> we at the white house now. this is like, hey, mom i made it. >> the president looked just as happy to be there with lebron. for another look at the weather here...
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Mar 22, 2013
03/13
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fill larks newark, new jersey, washington and detroit have all closed schools to cut budget deficits. and that brings us to education nation. which is part of an ongoing commitment by nbc news, to foster a national dialogue about the future of education in america. today education nation is on the road in detroit with he had nbc's education correspondent, rehema ellis. >> we want to talk about what's happening to the schools in michigan. but in detroit, we can't help but talk about what's happening in the city of detroit. joining me right now is the governor of michigan, rick snyder. and the news of the day is that on monday, your emergency financial manager for detroit is going to go to work. there's a lot of controversy around it. people are protesting, saying it's unconstitutional. that he's going to sell off some iconic pieces of the city in order to balance the budget. what do you say? >> well it is legal. this is a crisis. and we need to turn it around. and if you look at, we've had success with emergency managers. if you look at detroit public schools, they've had one for the l
fill larks newark, new jersey, washington and detroit have all closed schools to cut budget deficits. and that brings us to education nation. which is part of an ongoing commitment by nbc news, to foster a national dialogue about the future of education in america. today education nation is on the road in detroit with he had nbc's education correspondent, rehema ellis. >> we want to talk about what's happening to the schools in michigan. but in detroit, we can't help but talk about what's...
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Feb 26, 2013
02/13
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the single biggest threat or the deficit and debt. the single best thing we could do for the economy is find ways to make changes that contribute to deficit reduction. >> thank you. >> thank you, mr. chairman. thank you for your testimony. there is a column which says the future has no lobby. i hear these numbers on the discretionary side -- $600 billion on the revenue side. all these done in the short-term deals and not addressing the main issue. it makes me think he is right about that. if we don't do something about this, we will fail to invest in the future of this country. i do not know the answer to that. i would suggest -- the longer we delay this, the harder it will be to solve. we have to find a way to come together. we have to send a message that we're serious about this. this congress has not done this. i would encourage you to think about how we can work together on this with a sense of urgency. i wonder if you have a reaction to that. >> i am beside myself with urgency. i think this is a big problem. we can fight about th
the single biggest threat or the deficit and debt. the single best thing we could do for the economy is find ways to make changes that contribute to deficit reduction. >> thank you. >> thank you, mr. chairman. thank you for your testimony. there is a column which says the future has no lobby. i hear these numbers on the discretionary side -- $600 billion on the revenue side. all these done in the short-term deals and not addressing the main issue. it makes me think he is right about...
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May 31, 2013
05/13
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and so, here's -- >> yes. >> -- we mentioned the deficit. the deficit is down to half the size it was from the peak when obama was taking office. bill clinton shrunk the deficit. there are some precedents here. deficits in recent times grow under republicans, despite what they campaign on, and decline among democrats. and my question to you is, why doesn't that penetrate more with republican voters and the electorate? >> right now, obama's approval rating among republican voters is 12%. so if you -- you take that number, and, you know, my suspicion is more and more in politics we see that people view the economy based on what party they're in already. it's a proxy for how they view the world. if you're a democrat, you thought the economy was good, better in 2010 than probably the data showed. and if you're a republican, you probably think the economy is worse than the data shows, because it's become a proxy for the -- the economy is a proxy for how obama is doing, which is why independent voters, who will -- are a little more discerning on t
and so, here's -- >> yes. >> -- we mentioned the deficit. the deficit is down to half the size it was from the peak when obama was taking office. bill clinton shrunk the deficit. there are some precedents here. deficits in recent times grow under republicans, despite what they campaign on, and decline among democrats. and my question to you is, why doesn't that penetrate more with republican voters and the electorate? >> right now, obama's approval rating among republican...
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Mar 19, 2013
03/13
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on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very wealthy people. so the republican plan, they said we'll get rid of your tax expenditures for high-income people, but we'll bring down your top rate. so in the end the folks at the top get a very big windfall. we say let's eliminate some of those tax breaks for very wealthy people in order to help reduce our deficit, so when you combine that savings with targeted cuts, you can reduce it in a balanced way rather than increasing the tax burden on the middle class which is what their budget will do. we also want to make sure we keep our commitments to our s
on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very...
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Jan 2, 2013
01/13
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the fact is, the deficit is still too high. and we are still investing too little in the things that we need for the economy to grow as fast as it should. that's why speaker boehner and i tried to negotiate a larger agreement that would put this country on a path to paying down its debt and also putting americans back to work, rebuilding roads and bridges and providing investments in areas like education and job-training. unfortunately, that just wasn't enough support or time for that kind of large agreement in a lame-duck session of congress. that failure comes with a cost. the messy nature of the process over the past several weeks has made business more uncertain and consumers less confident. but we are continuing to chip away at this problem step-by-step. last year i signed into law $1.7 trillion in deficit reduction. tonight could the agreement further reduces the deficit by raising $620 billion in revenue from the wealthiest households in america, and there will be more deficit reduction as congress decides what to do abo
the fact is, the deficit is still too high. and we are still investing too little in the things that we need for the economy to grow as fast as it should. that's why speaker boehner and i tried to negotiate a larger agreement that would put this country on a path to paying down its debt and also putting americans back to work, rebuilding roads and bridges and providing investments in areas like education and job-training. unfortunately, that just wasn't enough support or time for that kind of...
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Nov 14, 2013
11/13
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CSPAN2
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not a penny of tax loopholes can go for deficit reduction. now, they've said they're willing to move the treasure around a little bit in ali baba's cave as long as it still gets used for corporations and the wealthy. that's not a guess, by the way. that is the way the republican budget ^+budget is structured. that's their budget numbers. awful it to lower -- all of it to lower tax rates for corporations and the rich. they're willing to spread the wealth around, as long as it stays in the same hands. we're at the gates of ali baba's cave, this special treasure-trove of earmarks for the rich and connected. we're at that place where the lobbyistists queel the special x deals. we're knocking on the door of tax spending that has been completely untouched, completely untouched in the deficit reduction so far. and our republican colleagues are getting a little twitchy. come on, fellahs. out of nearly $14 trillion in tax spending and earmarks, can't we put just 7% of it, just 7% of it toward the debt and the deficit? our proposal is to leave 93% of t
not a penny of tax loopholes can go for deficit reduction. now, they've said they're willing to move the treasure around a little bit in ali baba's cave as long as it still gets used for corporations and the wealthy. that's not a guess, by the way. that is the way the republican budget ^+budget is structured. that's their budget numbers. awful it to lower -- all of it to lower tax rates for corporations and the rich. they're willing to spread the wealth around, as long as it stays in the same...